Potential Geometry Completion Before Further Decline | $GBP $CAD
Looking at following potential interim development:
1 - background geometry to 1-4 Line
2 - Range: 1.89098 to 1.89610
Expecting further decline based on predictive/forecasting model, aiming for following bearish target:
- TG-Lo = 1.79707 - 20 MAR 2015
OVERALL:
Background geometry is likely to contain price subdued to range defined above. Predictive/forecasting model remains bearish.
Invalidation of longer-term directional bias should occur if price rises above point-2 of background geometry, or 1.9142.
Feel free to follow this trade in the general "Advanced Financial Market Geometries" lesson segment open today, here:
, for more on advanced patterns and strategies.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
1 - background geometry to 1-4 Line
2 - Range: 1.89098 to 1.89610
Expecting further decline based on predictive/forecasting model, aiming for following bearish target:
- TG-Lo = 1.79707 - 20 MAR 2015
OVERALL:
Background geometry is likely to contain price subdued to range defined above. Predictive/forecasting model remains bearish.
Invalidation of longer-term directional bias should occur if price rises above point-2 of background geometry, or 1.9142.
Feel free to follow this trade in the general "Advanced Financial Market Geometries" lesson segment open today, here:
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
